Indian Economy

Q. The total number of national highways in the country is:

A
528
B
328
C
228
D
499

Correct Answer

E

More Questions on Indian Economy

  • Q. In India, which one among the following formulates the fiscal policy?
    A)Ministry of Finance
    B)Finance Commission
    C)Planning Commission
    D)The Reserve Bank of India
    Answer: Ministry of Finance
  • Q. Deficit financing implies
    A)replacing new currency with worn out currency
    B)public expenditure in excess of public revenue
    C)printing new currency notes
    D)public revenue in excess of public expenditure
    Answer: public expenditure in excess of public revenue
  • Q. The number of finance commissions set up upto now is:
    A)14
    B)13
    C)15
    D)16
    Answer: 15
  • Q. Fiscal deficit in the Union Budget means
    A)net increase in Union Governments borrowings from the Reserve Bank of India
    B)the difference between current expenditure and current revenue
    C)the sum of budgetary deficit and net increase in internal and external borrowings
    D)the sum of monetized deficit and budgetary deficit
    Answer: the sum of budgetary deficit and net increase in internal and external borrowings
  • Q. In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines
    A)to reduce the freedom given to banks to rationalize their existing branch network
    B)to setup more foreign exchange banks
    C)to govern entry of new private sector banks to make the banking sector more competitive
    D)to lend more easily for industrial development
    Answer: to govern entry of new private sector banks to make the banking sector more competitive
  • Q. With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:
    A)the year 1999
    B)the year 1998
    C)the year 2005
    D)the year 1990
    Answer: the year 1999
  • Q. The first wholly Indian Bank was set up in
    A)1894
    B)1794
    C)1896
    D)1902
    Answer: 1894
  • Q. India changed over to the decimal system of coinage in
    A)April 1957
    B)April 1958
    C)April 1995
    D)April 1959
    Answer: April 1957
  • Q. National Electricity Policy envisages elimination of power shortage by 2012 through addition of:
    A)75000 Megawatt
    B)100000 Megawatt.
    C)50000 Megawatt
    D)125000 Megawatt
    Answer: 100000 Megawatt.
  • Q. Which state of India ranks first in milk production as per the data of the year 2009-10?
    A)Jharkhand
    B)Bihar
    C)Uttar Pradesh
    D)West Bengal
    Answer: Uttar Pradesh
  • Q. Excess of Total Expenditure over total Receipts is :
    A)Surplus Budget
    B)Deficit Budget
    C)Balanced Budget
    D)None of the above
    Answer: Deficit Budget
  • Q. The main rubber producing state in the country is:
    A)Tamil Nadu
    B)Karnataka
    C)Kerala
    D)Hyderabad
    Answer: Kerala
  • Q. During which five Year plan was phase of heavy industrialization initiated?
    A)First five year plan
    B)Second five year plan.
    C)Third five year plan
    D)Fourth five year plan
    Answer: Second five year plan.
  • Q. Project ‘Sankalp’ is associated with the elimination of:
    A)AIDS/HIV
    B)Polio
    C)Both A and B
    D)None of the above
    Answer: AIDS/HIV
  • Q. The Foreign Exchange Management Act(FEMA) was passed in:
    A)the year 2005
    B)the year 2000
    C)the year 1999
    D)the year 2002
    Answer: the year 1999
  • Q. As per the Prime Minister’s Economic Advisory Council (PMEAC) Economic Outlook 2011-12, Indian economy is expected to expand by:
    A)8.0% in 2011-12
    B)8.2% in 2011-12
    C)8.5% in 2011-12
    D)7.8% in 2011-12
    Answer: 8.0% in 2011-12
  • Q. Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in:
    A)the year 2000
    B)the year 2005
    C)the year 2003
    D)the year 2001
    Answer: the year 2003
  • Q. Finance Commission is constituted after every:
    A)5 years
    B)6 years
    C)3 years
    D)4 years
    Answer: 5 years
  • Q. Devaluation of currency leads to
    A)increase in domestic prices
    B)fall in domestic prices
    C)no impact on domestic prices
    D)erratic fluctuations in domestic prices
    Answer: increase in domestic prices
  • Q. If utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
    A)Rs 500
    B)Rs 1000
    C)Rs 400
    D)Rs 300
    Answer: Rs 300

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